“This area has experienced some of the fastest growth in the country, with downtown Fort Lauderdale’s population surging by more than 35% in the last four years and Flagler Village’s residential base more than doubling over the past decade.”
The shopping center sale price equates to more than $300 per square foot.
The 4,760-square-foot building was sold for $4 million.
The full-service restaurant that will serve as a centerpiece of the reimagined Huizenga Park, which is slated to reopen in early 2026.
The retail property traded for $325 per square foot.
The 15,372-square-foot building sold for $223 per square foot.
The 10-acre site features 43 professional courts, including the world’s first dedicated pickleball stadium, 14 weatherproof courts, a pro shop with an outdoor bar, locker rooms, and a recreational beach area, along with 4,000 square feet of event space with food and beverage options.
Kirk Olson and Drew Kristol, Marcus & Millichap senior managing director investments, represented the seller, Galium Capital, and procured the buyer, an affiliate of JBL Asset Management.
The master-planned project is poised to transform western Broward County and is approved for 3,000 residential units, 650,000 square feet of office space, 485,000 square feet of retail and two hotels on a 50-acre site located between Sawgrass Mills and Amerant Bank Arena.
The sales closed on consecutive business days.